Turmeric October futures traded
on a Slipped on Tuesday (5.00pm) at India's National Commodity &
Derivatives Exchange (NCDEX). Turmeric spice decreased by -4.00% to 7712 level at
NCDEX. As per Telengana Agricultural Department, till 29th July, around 36K ha
area has been sown under turmeric vs 37K ha same time last year. Total 50,000
ha area is covered. Moreover, in AP, around 6100 ha area has been seeded till
date vs 6K ha last year. During 2014-15, India exported around 86K tons which
is higher by 8500 tons than last year. In 2013-14, around 77500 tons was
exported. Masala Board has fixed a target for export of 80K tons for 2014-15.
TURMERIC (OCTOBER) TECHNICAL
VIEW:
TREND: MIXED TO BEARISH
RESISTANCE 2: 8230,
RESISTANCE 1: 7970,
SUPPORT 1: 7580,
SUPPORT 2: 7450.
STRATEGY: SELL ON RISE
TREND: MIXED TO BEARISH
RESISTANCE 2: 8230,
RESISTANCE 1: 7970,
SUPPORT 1: 7580,
SUPPORT 2: 7450.
STRATEGY: SELL ON RISE
The NCDEX Soya bean October
futures Surged up by 1.28% in the last trading to close at 3237 level till
Tuesday closing. SOYABEAN : - Timely planting and sufficient rains through most
of July in the major grain producing states is likely to support MY 2015/16
Kharif grain production prospects. However, sufficient rains throughout August
and September will be critical for achieving forecast normal yields. The inputs
provided by the USDA report on August 12 were negative and had pressured price
levels of US soy complex on the same day.
SOYABEAN (OCTOBER) TECHNICAL
VIEW:
TREND: MIXED TO BULLISH
RESISTANCE 2:3310,
RESISTANCE 1: 3270,
SUPPORT 1: 3185,
SUPPORT 2: 3140.
STRATEGY: BUY ON DIPS
TREND: MIXED TO BULLISH
RESISTANCE 2:3310,
RESISTANCE 1: 3270,
SUPPORT 1: 3185,
SUPPORT 2: 3140.
STRATEGY: BUY ON DIPS
Chana futures traded on a
negative note decreased demand on Tuesday (5.00PM). Chana May l contract loosed
-1.69% to 4300 levels. CHANA: - Sowing of pulses in Maharashtra has been done
in 66% area of fixed target of 24.50 lakh ha, which is up from last year’s
sowing area. Around 9.3 lakh ha area has been sown under Tur vs 9 lakh ha last
year. Meanwhile, Moong has been sown in 3.33 lakh ha and urad in 2.42 lakh ha
while its sowing target has been fixed 5.60 lakh ha and 5.10 lakh ha
respectively. Sowing of both commodities are ahead from its scheduled.
CHANA (OCTOBER) TECHNICAL VIEW:
TREND: MIXED TO BEARISH
RESISTANCE 2: 4470,
RESISTANCE 1:4380,
SUPPORT 1: 4240,
SUPPORT 2: 4170.
STRATEGY: SELL ON RISE
TREND: MIXED TO BEARISH
RESISTANCE 2: 4470,
RESISTANCE 1:4380,
SUPPORT 1: 4240,
SUPPORT 2: 4170.
STRATEGY: SELL ON RISE
The NCDEX Dhaniya October futures
Slipped by -1.17% in the last trading to close at 10850 level on Tuesday.
Special Margin of 10% (in cash) on the Long side will be imposed on all running
contracts and yet to be launched contracts in Coriander (DHANIYA) with effect
from beginning of day Wednesday, June 03, 2015.
DHANIYA (OCTOBER) TECHNICAL VIEW:TREND: MIXED TO BEARISH
RESISTANCE 2: 11100,
RESISTANCE 1: 10900,
SUPPORT 1: 10800,
SUPPORT 2: 10700.
STRATEGY: SELL ON RISE
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ReplyDeleteChana futures for September 2015 contract closed at Rs. 4,402 per quintal, up by 2.47 per cent. For more info you can watch the Commodity Tips and NCDEX tips of Epic Research.
ReplyDeleteThe BSE Sensex and NSE Nifty are likely to open in green on Friday tracking SGX Nifty coupled with the US Federal Reserve decision to leave interest rates unchanged.
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